Recent Updates — CRUS

Cirrus Logic has acquired INVENTVM Semiconductor S.r.l., a fabless semiconductor company based in Pavia, Italy. The transaction adds mixed-signal power management and audio integrated circuit intellectual property and deepens the company's engineering talent base. Financial terms were not disclosed, and the deal is expected to have no material impact on Cirrus Logic’s revenue. Cirrus Logic operates as a leader in low-power, high-precision mixed-signal processing solutions for mobile and consumer applications.

Cirrus Logic reported record first-quarter fiscal 2027 results ending June 27, 2026, with revenue of $459.7 million and GAAP diluted earnings per share of $1.47. Non-GAAP diluted EPS reached $1.84, driven by strong demand for custom components in smartphones. The company provided second-quarter fiscal 2027 guidance projecting revenue between $510 million and $570 million, with gross margins forecasted at 52% to 54%. Cirrus Logic operates in the semiconductor industry, designing low-power mixed-signal processing solutions for mobile and consumer electronics.